Monday, December 14, 2009

Hillgrove discovered additional gold zones in Sumba

Hillgrove Resources Limited told ASX this morning further results from the ongoing exploration program at Sumba Island, Indonesia confirmed additional gold zones at Pahandanjal prospect.
Hillgrove said results from the trenching program on the Western Vein system at Pahandanjal were released on the December 10, 2009, and results have now been received for some of the trenching conducted on the Eastern Vein system and from the reconnaissance rock chip/float sampling completed at both Pahandanjal and North Pahandanjal prospects.
Highlights of the discovery are:
(1) High grade gold identified in trench results from the southern end of the Eastern Vein system including 14m at 6.97 g/t gold and 10.7 g/t silver; (2) broad zone of gold anomaly identified in trench results from northern end of the Eastern Vein system over the area of Hillgrove's previously reported gold in soil anomaly including 46m at 1.01 g/t gold, 5.21 g/t silver, and 46m at 1.02 g/t gold and 2.63 g/t silver.
Hillgrove stock price increased 1.37% to $0.37 this morning. The stock was only $0.1 in March 2009.

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